The SEC: Outmanned, Outgunned, and On a Roll
Inside the investigation that broke the biggest case of insider trading in history.
Inside the investigation that broke the biggest case of insider trading in history.
Devin Leonard Businessweek Apr 2012 20min Permalink
How KFC brought fried chicken to China and Africa as U.S. sales slumped.
Diane Brady Businessweek Mar 2012 10min Permalink
Why dealing with the IRS is so difficult – and the woman charged with making it easier:
[Nina] Olson noted that the IRS relied on computers to audit all but the highest-income brackets. “We’re getting to a situation where the only people who will get face-to-face audits are the 1 Percent,” she said. “For the majority of taxpayers, the IRS has become faceless, nameless, with no accountability and no liability.”
Elizabeth Dwoskin Businessweek Apr 2012 15min Permalink
How the website mastered “Social Publishing”:
To understand some of the principles underlying BuzzFeed’s strategy, he recommends reading The Individual in a Social World, a 1977 book by Stanley Milgram, who is known, among other things, for his experiments leading to the six degrees of separation theory. “When some cute kitten video goes viral,” says [Jonah] Peretti, “you know a Stanley Milgram experiment is happening thousands of times a day.”
Felix Gillette Businessweek Mar 2012 15min Permalink
A profile of Red Bull’s Dietrich Mateschitz, who wants to make his drink a lifestyle. Mateschitz’s co-founder, Chaleo Yoovidhya, died March 17.
Duff McDonald Businessweek May 2011 Permalink
The hunt for rare 1933 Double Eagle coins:
The U.S. Secret Service, responsible for protecting the nation’s currency, has been pursuing them for nearly 70 years, through 13 Administrations and 12 different directors. The investigation has spanned three continents and involved some of the most famous coin collectors in the world, a confidential informant, a playboy king, and a sting operation at the Waldorf Astoria in Manhattan. It has inspired two novels, two nonfiction books, and a television documentary. And much of it has centered around a coin dealer, dead since 1990, whose shop is still open in South Philadelphia, run by his 82-year-old daughter.
Susan Berfield Businessweek Aug 2011 15min Permalink
Dotcom didn’t look like a criminal genius. With his ginger hair, chubby cheeks, and odd fashion sense—he often wore black suits and white-on-black wingtip shoes—he looked like he should be setting up a magic table.
How Kim Schmitz, the proprietor of Megaupload, made his fortune and landed in a New Zealand prison.
Bryan Gruley, Cornelius Rahn, David Fickling Businessweek Feb 2012 15min Permalink
A profile of Harold Hamm, oil baron.
Bryan Gruley Businessweek Jan 2012 10min Permalink
How the town of Moberly, population 14,000, got conned.
Susan Berfield Businessweek Jan 2011 15min Permalink
What happened when Pakistan shut down the vitally important Karachi to Kabul trucking line.
Shahan Mufti Businessweek Dec 2011 20min Permalink
Before the market crashed and home prices tumbled, before federal investigators showed up and hauled away the community records, before her property managers pled guilty for conspiring to rig neighborhood elections, and before her real estate lawyer allegedly tried to commit suicide by overdosing on drugs and setting fire to her home, Wanda Murray thought that buying a condominium in Las Vegas was a pretty good idea.
Felix Gillette Businessweek Dec 2011 20min Permalink
On the American Legislative Exchange Council, a D.C. nonprofit with a library of more than 800 pieces of fill-in-the-blank legislation ready for state legislatures across the country.
Alison Fitzgerald, Brendan Greeley Businessweek Dec 2011 20min Permalink
Law enforcement vs. local fishermen in Massachusetts.
Brendan Borrell Businessweek Nov 2011 15min Permalink
The demise of America’s favorite mega-bookstore and the factors beyond the e-book boom that fueled the book retail meltdown.
Ben Austen Businessweek Nov 2011 10min Permalink
On the TechCrunch founder’s venture capital fund, and a new breed of startup investor.
As Twitter-loving VC investors have become brand names themselves (Fred Wilson, Marc Andreessen, Chris Sacca), what one might call the auteur theory of venture capitalism has emerged—the idea that startup companies bear the unique creative signature of those who invested in them. To study a venture capitalist’s portfolio is to study his oeuvre.
Felix Gillette Businessweek Nov 2011 10min Permalink
The Green Bay Packers are a historical, cultural, and geographical anomaly, a publicly traded corporation in a league that doesn’t allow them, an immensely profitable company whose shareholders are forbidden by the corporate bylaws to receive a penny of that profit, a franchise that has flourished despite being in the smallest market in the NFL—with a population of 102,000, it would be small for a Triple A baseball franchise.
Karl Taro Greenfeld Businessweek Oct 2011 15min Permalink
On Jeff Bezos, Amazon, and the genesis of the Kindle.
Brad Stone Businessweek Sep 2011 15min Permalink
The CEO of the US’s biggest bank doesn’t have much charisma or a track record, but he’s “doing as well as any little Dutch boy can—sticking his fingers in the dike.”
Dawn Kopecki, Paul M. Barrett Businessweek Sep 2011 20min Permalink
On the insurer’s insurer and calculating the risk of modern catastrophe:
Reinsurers are ultimately responsible for every new thing that God can come up with. As losses grew this decade, year by year, reinsurers have been working to figure out what they can do to make the God clause smaller, to reduce their exposure. They have billions of dollars at stake. They are very good at thinking about the world to come.
Brendan Greeley Businessweek Sep 2011 20min Permalink
If the memory of the Twin Towers now belongs to the world, the story of how they have been replaced is entirely of New York: a tale of power, capital, shifting allegiances, and hallowed ground.
Andrew Rice Businessweek Aug 2011 15min Permalink
How Tim Durham funded a libertine lifestyle—dozens of luxury cars, Playboy-themed parties, a plethora of failed businesses—on the backs of unwitting Ohioans, many of them Amish.
Annie Lowrey Businessweek Jul 2011 15min Permalink
Around the world, governments and corporations are in a race for code that can protect, spy, and destroy—hacks some secretive startups are more than happy to sell.
Ashlee Vance, Michael Riley Businessweek Jul 2011 15min Permalink
Best Article Arts Business Tech Music
Is the streaming Swedish music service, now making its U.S. debut, the best shot the industry has at staying profitable and relevant?
Brendan Greeley Businessweek Jul 2011 20min Permalink
How what was once one of the most popular websites on Earth—with ambitions to redefine music, dating, and pop culture—became a graveyard of terrible design and failed corporate initiatives:
In retrospect, DeWolfe says, the imperative to monetize the site stunted its evolution: "When we did the Google deal, we basically doubled the ads on our site," making it more cluttered. The size, quality, and placement of ads became another source of tension with News Corp., according to DeWolfe and another executive. "Remember the rotten teeth ad?" DeWolfe says. "And the weight-loss ads that would show a stomach bulging over a pair of pants?"
Felix Gillette Businessweek Jun 2011 Permalink
How synthetic drugs became a booming (and mostly legal) business.
Ben Paynter Businessweek Jun 2011 Permalink